NLMK Group named Russia’s most transparent company in 2017

NLMK Group, an international steel company with operations in Russia, the USA and the European Union, has been named as the winner of the annual competition for information transparency among publicly listed companies in Russia.

The ‘Active Corporate Policy on Information Disclosure’ award was established in 2003 by Interfax and AK&M for companies that have excelled in prompt and full information disclosure to investors.

NLMK Group was recognized for its information transparency and the high quality of its information disclosure on its strategy execution, as well as the well-presented access to data published on its corporate website, its receptiveness to dialogue, and the detailed press releases it issues alongside statements of material facts, Interfax notes.

Oleg Bagrin, NLMK Group CEO, said:

“We are grateful for the great recognition which NLMK’s efforts toward information transparency have received. NLMK Group is committed to operating the best global practices in information disclosure, not only for investors but for our own employees and the general public. Transparency creates an atmosphere of predictability, mutual understanding and trust. These intangible values have a direct impact upon operational efficiency, and, at the end of the day, on our shareholder value.”

Vladimir Gerasimov, Executive Director, Interfax Group, and Chairman of the Jury of the competition, said in the Interfax press release:

“NLMK’s reporting, its corporate website and press releases clearly demonstrate that NLMK Group is committed to the best international practices of information disclosure and corporate reporting. We see this as being testimony to the Company’s conscious and proactive approach to information transparency.”

The competition jury was made up of representatives of Interfax and AK&М information agencies, the Bank of Russia, the Moscow Exchange, the Independent Directors Association, and the Russian Financial Communications and Investor Relations Alliance (ARFI).

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore windmills.

NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.

NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In 9M 2017, the Company generated $7.25 billion in revenue and $1.87 billion in EBITDA. As of 30 September 2017, Net debt/EBITDA stood at 0.3х. The company has an investment grade credit rating from S&P and Fitch.

NLMK’s ordinary shares with a 16% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUR1. For more details on NLMK shareholder capital, please follow the link.

NLMK Group received the Steel Industry Leadership Award at the prestigious 2016 Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical.